Why is Oil India falling/rising?

As of 12-Aug, Oil India Ltd. is currently priced at 424.55, reflecting an increase of 1.3 or 0.31%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.41% today, with a notable rise in delivery volume, which increased by 17.43% compared to the 5-day average. Despite a 1.72% decline over the past month and a significant 36.45% drop over the last year, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 21.72% and operating profit at 39.62%. The stock is trading at a discount compared to its peers, and its low debt-to-equity ratio of 0.40 times, along with high institutional holdings at 36.44%, suggests a solid foundation for potential recovery.
In the broader market context, Oil India's short-term performance has been relatively better than the benchmark Sensex, which has declined by 0.59% over the past week while Oil India fell by 2.02%. This indicates that while the stock has faced challenges, it is not alone in its struggles, as the overall market has also experienced downturns. However, the stock's recent upward movement, coupled with rising investor participation and attractive valuations, suggests a potential for recovery amidst a generally weak market environment.